2.4 Debt burden of the financial system of Ukraine and countries the Eurozone

Abstract

The tendency to increase the debt burden of the financial system of Ukraine has been traced over the past few years. It is determined by the high foreign exchange risk of external debt, the unstable situation with the refinancing of debts of previous years, as well as the pressure of debt payments on public finances. Unfortunately, domestic methodological provisions and recommendations that were supposed to suspend the increase of the debt burden of the financial system of Ukraine through effective forecasting, analysis and assessment of changes in the financial market conditions did not ensure active management of the market share of budget debt at an acceptable level. In the context of the crisis, the European Union member states demonstrated their willingness to support financial institutions - banks, insurance and investment companies that were in a state of bankruptcy, through the injection of budgetary funds.